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October 20, 2008

Casino City Times Weekly Newsletter
October 20, 2008

Latest From Our Strategy Experts

arrowMark Pilarski: Prop bets are usually bad bets in the long run

Prop bets are usually bad bets in the long run
Pilarski explains that each time a bettor plays a proposition bet and allows the house edge to rise, the more likely that bettor is to see his bankroll disappear.  read more
 

Featured Story

'Lefty' Rosenthal death marks an end of a Las Vegas era

By Ed Koch, Mary Manning
Last week's passing of 79-year-old Frank Rosenthal at his Florida home may have finally closed the book on one of the most colorful periods -- and people -- in Las Vegas history. The reputed mobster was the inspiration for the movie "Casino" and is credited with establishing the first major sportsbook in a major Las Vegas casino.  read more		'Lefty' Rosenthal death marks an end of a Las Vegas era
 

CASINO News

CASINO

Vegas visitor numbers drop in August

The Las Vegas Convention and Visitors Authority reported a 4.3% drop in August visitors last week due to a 22.3% decrease in convention attendance in comparison to 2007.  read more

Wynn: Overall numbers are down, but Macau is on the rise

Despite an overall third-quarter operating income that is $30 million less than a year ago, Wynn Resorts expects to report a 3.1% increase during the third quarter at its Macau casino.  read more

Mike Ditka gets behind Illinois casino and resort proposal

If the Hawthorne Race Course succeeds in its bid for a 10th casino license in Illinois, the NFL Hall of Famer plans to open a restaurant and hotel inside the Champions Casino & Resort.  read more

Las Vegas Convention board OKs funds for London trip

The booster group will spend $186,500 to promote Las Vegas as a destination at a trade show in London. The Nov. 10-13 event is expected to attract about 48,000 travel professionals from 197 countries.  read more

Irish government to raise tax on betting

Finance Minister Brian Cowen told legislators last week that the government plans to double the country's tax on betting, raising it from 1% to 2%.  read more

Macau casino faces delay in opening

The opening of a $2.4-billion casino and hotel project has been delayed by three months due to the global economic downturn.  read more

Biloxi casino revenue down 26%

Hurricane Gustav didn't do a lot of damage to the Biloxi casinos when it flooded parts of the Coast over the Labor Day weekend, but the storm hit September casino revenue like a Category 3.  read more

SLOTS News

SLOTS

Connecticut slot revenues on the decline again

Mohegan Sun CEO Mitchell Etess says September could have been "the worst month ever" for the gaming industry as the casino's slot revenue fell 13% while nearby Foxwoods Casino suffered a 16% drop.  read more

The Reel Life

We interrupt your reading for a public service announcement: Playing slots online is not wasting time, but suing God is.  read more

POKER News

POKER

67-year-old Canadian amateur wins WPT title

Glen Whitmer, a retired contractor from Ontario, took out veteran pro Gavin Smith to take home the $1.2 million first-place prize at the World Poker Tour's North American Poker Championship.  read more

FTOPS X scheduled for November

The 10th edition of the Full Tilt Online Poker Series is guaranteeing $15 million in prize money with a schedule of 25 events that begins Nov. 5 and ends with the $2.5-million Main Event Nov. 16.  read more

Poker Channel re-launches pokerchanneleurope.com

Europe's largest dedicated gaming TV network announced Monday that an agreement with Brightcove will enable free delivery advertising-supported video content on pokerchanneleurope.com.  read more

Did You Know
Did You Know?
Irish bookmaker Paddy Power announced that it will pay off wagers made on Barack Obama becoming the next U.S. President, more than three weeks before the election.
Featured Game
Rushmore Casino's Let'em Ride
Not everyone likes "Let It Ride." But the version of this popular casino game that can be found at Rushmore Casino provides plenty of mindless entertainment. And who doesn't need a little mindless entertainment now and then?

> More Rushmore Casino's Let'em Ride Details
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Top-10 U.S. gambling markets by total revenue (2007)
  1. Nevada
  2. California
  3. New Jersey
  4. New York
  5. Louisiana
  6. Florida
  7. Michigan
  8. Illinois
  9. Mississippi
  10. Indiana